Reviewing BTC's early morning price action, after exploring near 68,700, it stabilized and began a pullback to around 70,600. The overall movement presents a narrow range consolidation pattern. Currently, the price has returned to around 70,400. This aligns with our bearish outlook from last night, and our short position taken near 69,700 successfully captured nearly 600 points.

Looking at the 4-hour chart, it has transitioned from the previous unilateral downtrend into a consolidation and recovery phase following the decline. The previous large bearish candle dropped to near 68,750, but it did not continue with further sharp declines. Instead, there have been consecutive small candles oscillating at the low level, indicating that short-term funds are beginning to accumulate, but note that the rebound has consistently failed to break above the previous high. Overall, the price remains in a weak zone.

BTC short near 70,800, target around 69,200 #Gate13周年全球庆典